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Chequebook bikers9/2/2023 ![]() ![]() Before you pick a finance scheme though, check for its processing fee, rate of interest, fines in case you default on one of your installments, and anything that falls under its fine-print, a. You can finance 100% of the cost of the two-wheeler, and return the loan in up to 60 months. The way out of that is to use bike EMI schemes which every major bank offers. Of course, most bike-buyers may not be able to afford outright payments. Pay the insurance amount and you're ready to hit the road. Once you provide these to the insurance company, it will send an agent to verify the details of the vehicle. All you need is your registration number and the vehicle's chassis number. You can also get an insurance cover for your vehicle through a company of your own choice. The types of damages it covers (natural disasters, third-party accident in case you crash into another person/vehicle, personal accident, etc.).Here are some of the points you should check for: However, check how comprehensive the policy is. You'll rarely run into a showroom that doesn't offer an insurance plan for your vehicle. Since the government has made insurance mandatory, the cost will be bundled into the on-road price of the motorcycle too. Save up enough, hand the cheque to the dealer, and the moment the cheque is passed, the motorcycle is yours. An outright purchase is the easiest way to ride out of the showroom with your brand new two-wheeler. In case you're living on rent, you must carry the following:Īdditional Read: Check Bike Loan Eligibility Proof of address: Passport, latest electricity bill, LIC policy, Aadhaar card, Ration card.A valid ID proof having your photo on it think Aadhaar card, PAN card, Voter ID, Passport, and a valid driving license.Here's what you need to provide the showroom to get a registered number plate on your vehicle: All merchants take care of the process of registering your vehicle with the RTO, so you don't have to run around for the paperwork. It's the process through which your motorcycle/scooter goes from the showroom floor to being road-legal. Time For Step Two: Two Wheeler Registration While booking, you need to have your driving license with you, and depending on how you want to pay the booking amount, credit/debit card, cheque book, or cash. It's that time to take a test-ride, pick the colour of your choice, and let the dealer know you're genuinely interested in making the purchase. In most cases, you are required to make a token payment to book your two-wheeler. Let's Get to the First Step: Booking The Two Wheeler The documents required for two wheeler purchase list may differ based on whether you are a salaried professional, have a business of your own, are purchasing the two-wheeler outright, or using a two wheeler loan. Time to get yourself a set of wheels then, right? But before you scoot off to your nearest bike showroom, make sure to check out the list of documents required for buying a two wheeler. ![]() But, do you feel the freedom? Perhaps, not quite because the motorcycle or scooter you dreamt of riding to work or college isn't in your garage yet. You just got into college, or bagged your first ever job. ![]()
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